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Unformatted text preview: 4. If you deposit $500 now and earn 8% interest compounded semiannually, how much will you have in four years? 5. You buy a new car and the loan is for $10,000 to be repaid in three years in monthly installments to include annual interest of 12%. How much will the payments be?...
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This note was uploaded on 03/16/2012 for the course FIN 300 taught by Professor Haroldwilliamson during the Spring '12 term at S. Alabama.
 Spring '12
 HaroldWilliamson
 Compounding, Interest, Personal Finance

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